Sweden's Debt Office and former Saab owner GM (GM.N) approved a plan for Russia financier Vladimir Antonov to take a stake in the struggling car maker, though GM attached conditions, Swedish media said on Thursday. The Debt Office approved Antonov as an owner, Swedish public service television said, without quoting sources. Production has been stopped at Saab in Sweden since early April because the company cannot pay some suppliers. Antonov wants to buy into the firm and help it with its strained finances. Swedish news agency TT said separately that GM had placed conditions on its approval. TT quoted a GM statement.
General Motors Company (GM) is a global automotive company. Shares of GM remained unchanged at $31.78. In the past year, the shares have traded as low as $29.17 and as high as $39.48. On average, 16147700 shares of GM exchange hands on a given day and today's volume is recorded at 6818.
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